ETF Securities (ETFS) has launched three equity index funds and a commodity fund on the Xetra exchange in Germany.
The three equity ETFs track the DAX Global Coal, Shipping and Steel total return indices, denominated in US dollars. These underlying benchmarks, launched in November 2009, are part of the Deutsche Boerse's DAX global index family based on international equity markets. The indices comprise between 20 and 35 companies, which generate at least 50% of their revenue in their respective sector. Each constituent company must have market capitalisation of at least $500m and their average daily exchange turnover over the last three years must amount to two million dollars. Each stock ha...
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